Penrith Industrial Estates BID
Penrith Industrial Estates Business Improvement District (BID)
In 2017, we received a proposal to establish a BID covering Penrith Industrial Estate, Gilwilly Industrial Estate and Eden Business Park for a 5 year term starting on 1 October 2018. The establishment of a BID was subject to a ballot of businesses within the proposed BID area which took place in April 2018.
The BID proposer is Chris Staniowsky of Manning Elliott Architects. Chris can be contacted on 01768 868800.
BID ballot and results
A ballot was held on 26 April 2018 on the proposal to introduce a BID. The ballot was undertaken as a postal ballot administered by Electoral Reform Services.
For the BID to be established two threshold tests had to be met in the ballot:
- More than 50% of votes cast (turnout) must be in favour of the BID; and
- The positive vote must represent more than 50% of the Rateable Value (RV) of the votes cast.
The total number of votes cast, excluding rejected ballot papers, was 74, representing a RV of £1,814,675. The votes in favour were 57, representing £1,526,825 RV. Both of the threshold tests were met.
Support for the Penrith BID
At a full Council meeting on Thursday, 8 March 2018, Members decided to vote yes to the BID in respect of Council-owned properties where the Council is currently responsible for paying business rates within the proposed BID area.